YOUR COMPANY IS LOOKING FOR BUSINESS FINANCE OPTIONS!
SMALL BUSINESS FUNDING ALTERNATIVES / BUSINESS LENDING
You've arrived at the right address! Welcome to 7 Park Avenue Financial
Financing & Cash flow are the biggest issues facing business today.
ARE YOU UNAWARE OR DISSATISFIED WITH YOUR CURRENT BUSINESS FINANCING OPTIONS?
CALL NOW - DIRECT LINE - 416 319 5769 - Let's talk or arrange a meeting to discuss your needs
EMAIL - sprokop@7parkavenuefinancial.com
7 Park Avenue Financial
South Sheridan Executive Centre
2910 South Sheridan Way
Oakville, Ontario
L6J 7J8
Options for commercial business financing, when executed properly, often give the Canadian business owner and financial manager the ability to 'wreak havoc' with the competition, a feeling all businesses probably want to relish. Knowing the commercial financing choices, you have available to wreak that havoc is key. Let's dig in.
HOW DOES YOUR COMPETITION FINANCE THEMSELVES?
Just knowing some solid info on how your competition operates can often lead you to financing choices as they relate to your firm's size, how fast you can grow, the maximum profits you can achieve, and understanding the overall credit profile of clients in your sector.
MERGER AND ACQUISITION FINANCING
In some cases also your ability to achieve growth from a merger or acquisition is totally dependent on financing solutions that can make that happen. In other cases your firm might benefit from commercial real estate financing. At 7 Park Avenue Financial clients also ask for loans for starting a business, given the challenge of startup financing.
CHOOSING BETWEEN TRADITIONAL AND ALTERNATIVE BUSINESS FINANCE OPTIONS
In recent times we've learned the hard way that it's not just about getting a 'deal ' on a business loan. More often than not, in the SME sector, it simply knows that somewhere out there is either a traditional or ' alternative ' finance option for your business when it comes to working capital and cash flow needs.
SPOTTING WEAKNESS IN THE FINANCIAL STATEMENTS
Lenders, investors, even competitors who know a bit about your firm will often spend significant time on how certain relationships of items on your balance sheet and income statement will show your strength or weakness. Firms with a large amount of debt quickly run into two tricky situations:
1. They are vulnerable to a downward spiral of sales and profits
2. They find that access to traditional bank type financing all but disappears
ACCESS TO FUNDING DELIVERS KEY BENEFITS
It goes without saying that your financial strength and access to financing provide a solid bridge to sales revenue growth, cash flow, and profits if you have your financial house in order. Business owners also focus on the interest rate which will vary based on the type of financing you are looking for.
HERE ARE 2 KEY ASPECTS TO ADDRESSING BUSINESS CAPITAL NEEDS
Top experts tell us that a recommended way to address options of financing revolves around two key areas:
1. The amount of funds you need and how you will use them
2. Knowing (and buying into) what stage of life your business is in - as that ' stage ' dramatically affects the type, cost and structure of financing you need.
WHAT STAGE IS YOUR BUSINESS IN?
As we have offered in the past, you are in 1 of 4 different ' stages' of business existence - Simply speaking: startup, early growth, middle-market SME, and large-cap mature. Those stages will reflect long term capital needs as well as immediate access to working capital.
CANADIAN BUSINESS FINANCING SOLUTIONS
While the following options are all available to Canadian business:
Going public
Mezzanine financing
Govt SBL loans / federal business loan - A government loan for business is a guaranteed loan
Tax Credit Monetization (SR&ED, etc.)
Bank lines of credit / Business Credit Union services
Bridge loan / short term financing
Sale Leasebacks
Non-Bank asset-based line of credit
Equipment financing
A/R financing
Inventory finance
PO/Supply chain finance
Term loan / Working Capital Short Term loans/ Merchant Cash Advances
Repayment terms and interest rates will vary with the type of funding best suited to your current needs. In certain types of funding, the personal credit history and credit score of the principals will affect getting approved or business loan interest rates. In the short term small business owners should focus on access to capital versus cost of capital when a solution makes sense for continued growth of your products or services.
So, how to get a loan for a business? When applying for a business loan for certain types of funding a business plan will help you get approval, and in some types of funding business plans are a requirement when it comes to commercial financing via banks or business lenders and achieving the best commercial loan rates in Canada.
CONCLUSION
It’s important to note that for small businesses some types of business finance and business loans are either unavailable or even inappropriate for your business's size, nature, and stage. The right business finance options will always allow you to position your company ahead of the competition strategically, in effect wreak your own style of ' havoc' with the competition.
Seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you in positive havoc creation related to finance choices in the world of small business financing.
Click here for the business finance track record of 7 Park Avenue Financial
Stan Prokop
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